Check out some available loans that are similar to this one!
Mrs.Narantsetseg is 58 years old lives with her husband in a small house in Selenge province. Her husband Donoi stays home and works as a Russian to Mongolian translator. Her 2 children are married and live separately from them.

Mrs.Narantsetseg has been taught by Russian agrarian how to grow mushrooms and produce organic products from them. She has started her organic mushroom growing and producing business last year. She is now requesting 1'000'000 MNT to install a heating system to her mushroom growing green house, to extend the period of growing. She is a hardworking, welcoming and modest woman.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Narantsetseg to install heating system in her mushroom growing green house, to extend the period of growing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 26, 2012
Dec 25, 2012
Currency Exchange Loss:
May 28, 2013